Nidec (OTCMKTS:NJDCY) Stock Price Up 22.7% – Still a Buy?

Nidec Corp. (OTCMKTS:NJDCY)’s stock price traded up 22.7% during trading on Friday . The company traded as high as $3.3120 and last traded at $3.3120. 552 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 326,871 shares. The stock had previously closed at $2.70.

Analysts Set New Price Targets

NJDCY has been the subject of several recent research reports. Wall Street Zen upgraded Nidec from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 23rd. Zacks Research raised Nidec from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Macquarie cut Nidec from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Nidec Stock Performance

The company has a quick ratio of 1.00, a current ratio of 1.53 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average price of $3.59 and a 200 day moving average price of $4.40. The stock has a market cap of $31.48 billion, a PE ratio of 12.69 and a beta of 0.98.

Nidec (OTCMKTS:NJDCY) last issued its quarterly earnings data on Friday, November 14th. The industrial goods maker reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Nidec had a net margin of 6.82% and a return on equity of 10.18%. As a group, research analysts forecast that Nidec Corp. will post 0.25 earnings per share for the current year.

Nidec Company Profile

Nidec Corporation, together with its subsidiaries, develops, manufactures, and sells motors, electronics and optical components, and other related products in Japan and internationally. The company offers medium- and large-size motors, small-size and precision motors, motor-related products, units and modules, automotive components, mechanical equipment/machine tools, inspection and measuring equipment, electronic devices, sensors, and other products, as well as mold, molding, cutting, and machining components.